European Union Approves Chinese Retailer JD.Com Acquisition of Ceconomy

EU regulators approve JD.com to acquire Ceconomy in a 2.2 billion euro deal despite state subsidy findings.

European Union regulators have cleared JD.com to purchase German electronics retailer Ceconomy in a 2.2 billion euro transaction. The clearance was granted despite an investigation concluding that the Chinese retail giant received financial backing from state subsidies. This decision allows the major cross-border acquisition to move forward within the European market.

• The buyerJD.com secured regulatory clearance to take over the German retail group.
• The targetCeconomy operates major electronics store chains including MediaMarkt.
• The valuationThe acquisition agreement is valued at 2.2 billion euros.
• The findingAntitrust investigators determined the acquiring firm benefited from government support.